Wall Street Behind Brazil Coup d’Etat

Control over monetary policy and macro-economic reform was the ultimate objective of the Coup d’Etat. The key appointments from Wall Street’s standpoint are the Central Bank, which dominates monetary policy as well as foreign exchange transactions, the Ministry of Finance and the Bank of Brazil (Banco do Brasil).

On behalf of Wall Street and the “Washington consensus”, the interim post coup “government” of Michel Temer has appointed a former Wall Street CEO (with U.S citizenship) to head the Ministry of Finance.

Henrique de Campos Meirelles, a former President of FleetBoston Financial’s Global Banking (1999-2002) and former head of the Central Bank under Lula’s presidency was appointed minister of finance on May 12.

Ilan Goldfajn [Goldfein] (right) appointed to head the Central Bank, was chief economist of Itaú, Brazil’s largest private bank. Goldfajn [Goldfein]…